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Corporate Movements

Corporate Movements at Barita Investments

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The Board of Barita Investments Limited (“Barita” or the “Company”) has advised of senior management changes in keeping with the Company’s succession planning programme. The changes are meant to further strengthen Barita’s organizational structure, risk management and governance, significantly bolster executive leadership of the core business, and deepen sales and service capabilities. The Company has been deliberate with its talent acquisition strategy over the last three (3) years with a focus on talent who are able to take on various roles within the Barita group. These changes augur well in advancing the initiatives aimed at continuing to challenge the status quo in the capital markets to ultimately create and sustain stakeholder value.

Accordingly, Mr. Dane Brodber will be appointed as Interim Chief Executive Officer with effect from May 7, 2022. Dane was appointed Chief Risk Officer of the Cornerstone Group effective November 1, 2019, and has had oversight responsibility for the risk function of Cornerstone and its subsidiaries inclusive of the Barita group.

Dane has over 18 years of experience in the financial services industry, with expertise in risk management, strategy, business intelligence, and financial analysis. Dane previously served as Regional Director, Market Risk Management with Scotia Bank where he worked for over 12 years. Dane earned undergraduate degrees in Mechanical Engineering and Economics & Business from Lafayette College and an MBA from the University of New Orleans. He also holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and the Financial Risk Manager (FRM) designations. Dane is the current President and founding Vice President of CFA Society Jamaica.

Effective May 7, 2022, Mr. Stephen Phillibert, Chief Financial Officer of the Cornerstone Group, will assume responsibility for Barita’s Operations function in addition to his existing oversight of the Finance function of the Cornerstone Group. Mr. Phillibert has over 25 years combined experience in the areas of finance, strategy, general management, and mergers and acquisitions. He holds an MBA from the University of Toronto, an undergraduate degree in Accounting from the University of the West Indies as well as the Chartered Financial Analyst designation.

Mr. Ramon Small-Ferguson, who was recently promoted to Executive Vice President consistent with the Company’s succession planning programme, will take on an expanded role in support of the incoming Interim CEO. Effective May 7, 2022, Ramon will have oversight of the revenue generating arm of the business; to include asset management and research, investment banking, treasury management, and alternative investments.

Ramon has extensive experience in investment management and prior to joining Barita, he held the position of Chief Investment Strategist and Head of Research at the Jamaica National Group. Ramon holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and Financial Risk Manager (FRM) designations. He also holds a Bachelor of Business Administration (BBA), Finance & Marketing (Hons) from the University of Technology, Jamaica and is currently a Graduate Student at NYU Stern Business School where he is pursuing a Master of Science in Quantitative Management.

Mrs. Paula Barclay, General Manager of Barita, has tendered her resignation effective May 6, 2022, after a 3-year tenure with the organization. On joining Barita, Paula initially had responsibility for driving the Company’s business development and customer experience strategies and initiatives. In December of 2019, she assumed responsibility as head of business and in her expanded role she oversaw a period of significant development of the Company. Under her leadership, Barita registered transformational growth in its market share across several business lines including investment banking, asset management, stockbrokerage services, and cambio trading.

The foregoing key achievements were enabled by the significant strengthening of the depth of human capital across the organization, the establishment of best-in-class policies and an enterprise risk management framework, streamlining of key processes and structures across the business, and the re-imagining of the marketing and business development thrust of the Company that has revolutionized the presence, appeal, and connection of the market with Brand Barita. The Chairman, Board, management and staff of the Company would like to extend their thanks and appreciation to Mrs. Barclay for her stellar stewardship, and wish her all the very best as she embarks on the next phase of her journey.

Mr. Junior Graham, Vice President Information Technology, has tendered his resignation effective April 30, 2022. Mr. Dave Dixon joined Barita on February 28, 2022 from Scotia Bank as Senior Vice President, Sales and Services, and has taken on the mantle from Mrs. Barclay with regards to executive responsibility for retail sales, including the Company’s branch network together with overall customer experience oversight. Mr. Dixon is a Retail and Investment Banking professional with over twenty (20) years of experience in the financial services sector.

Ms. Sancia Thompson, formerly of the NCB Financial Group, joined Barita on February 28, 2022 as Vice President, Premium Wealth and Corporate Solutions. These roles previously reported in to Mrs. Barclay. Ms. Thompson has over 20 years of experience as a finance professional with a solid history of success in delivering results through consultative sales processes and financial advice.

Mr. Nigel Sinclair, formerly of the GraceKennedy Group, joined Barita on January 17, 2022 as Head of Asset Management. In that capacity, Nigel has taken over executive leadership of the fiduciary management aspects of the business, to include the investment management oversight of the suite of unit trust and pension products offered by the Company.

The Chairman and Board welcome the new appointees and look forward to the management and staff continuing to create sustainable value for all our key stakeholders.

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Corporate Movements

JAMPRO’s President Diane Edwards Makes A Career Step Amidst Praise For Achievements

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It is with regret that we advise that President Diane Edwards has given notice that she will not be renewing her contract, which ends December 31, 2022. She has opted instead to pursue her next career opportunities.

Over the last 9 years, under the stewardship of President Edwards, JAMPRO has been perceived by incoming investors as responsive and constantly helpful. Under her leadership, JAMPRO has taken on an enhanced marketing orientation, driven by pro-active team of professionals.

Ms. Edwards has led JAMPRO to be a leading government organization that has provided local and international investors in the tourism, manufacturing, and mining sectors with significant assistance to overcome difficulties as the seek to do business in Jamaica. The Global Digital Services (Business Process Outsourcing) (BPO) industry has moved from 12,000 jobs in 2013 to 54,000 jobs in 2022 through the attraction of new BPO companies and the creation of an ecosystem for multiple expansions across the country. Ms. Edwards and JAMPRO have played important roles in attracting these BPO businesses to assist the Jamaican economy.

Over the period, JAMPRO also commenced the implementation of transformative projects such as the creation of a National Business Portal and the establishment of a National Investment Policy, while advocating for the creation of a cannabis and hemp industry. In addition, the organisation has led the development and implementation of multiple sector strategies geared towards development and growth such as the National Global Digital Services Strategy, the National Manufacturing Strategy and the draft National 4-Year Agribusiness Strategy.

Melanie Subratie, Chair of JAMPRO, expressed her appreciation for the strong relationship she has built with Diane and gratitude for the work they have done together noting that “I have long been a champion of the sterling work done by JAMPRO and as a fellow female leader, I have admired Diane’s transformation of the organisation into a client-centric, results driven agency, leading the cause of the private sector. I am sorry to see her go, but I know that she has led a remarkable team who will continue her stellar work. There is no doubt in my mind that the Jamaica BPO industry would not exist in its current form without the work of Diane and her team at JAMPRO. They literally built an industry from the ground up.”

Senator the Honourable Aubyn Hill, Minister of Industry, Investment and Commerce added that “Diane’s endeavours to stimulate export and investment have played a significant role in the growth of the nation’s capabilities. Her management of JAMPRO and contributions to Jamaica’s economic development will be remembered.”

The Chair of JAMPRO advised that “I will continue to work closely with Diane, who is keen on supporting the process, to ensure a smooth and seamless transition. The role of the President of JAMPRO is vital to nation building and all efforts will be made to source the best talent over the next 3 months.”

The JAMPRO Board, supported by its Human Resource Committee, will immediately begin the process to recruit a new President.

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Corporate Movements October 2022

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NCB Financial Group Limited (NCBFG) is pleased to advise of the appointment of Mr Ian Chinapoo as Chief Executive Officer (CEO) and Director of its major Trinidad and Tobagonian subsidiary, Guardian Holdings Limited (GHL) effective October 1, 2022.

Dolla Financial Services Limited is pleased to announce the appointment of Mr. David Henriques to the post of CEO, Ultra Financier Limited. David comes to us with over 10 years of experience in Sales, with expertise in targeting high-net-worth clientele. His appointment is effective November 1, 2022.

Executive Announcement of Appointments Maia Wilson and Gabrielle O’Connor at SCOTIA GROUP JAMAICA LIMITED
This is to advise the appointment of Maia Wilson to the role Vice President, Senior Legal Counsel & Corporate Secretary which took effect October 1, 2022.
Maia joined the Scotia Group in 2017 as Director, Legal Counsel and Assistant Company Secretary. She is an Attorney at Law with over 15 years in practice and worked as a Solicitor in England before returning to Jamaica. During her career Maia has worked at distinguished law firms, and in the Telecommunications industry before joining the Scotia Group. She is very customer focused and has led several initiatives resulting in improved processes and operational efficiency across the Scotiabank Group. Maia is passionate about environmental issues and as such launched and chairs the Caribbean Chapter of the Environmental & Climate Action Employee Resource Group.

We also advise the appointment of Gabrielle O’Connor to the role of VP, Finance & Chief Financial Officer which took effect on October 10, 2022.
Gabrielle is an experienced finance professional with over 20 years working experience in the banking and investment brokerage industry. She joined the Scotiabank team in 2011 as Manager Treasury Accounting and assumed more senior roles thereafter. In her most recent role as Senior Manager Finance & Chief Accountant, she led the financial and regulatory reporting units for the Bank with oversight for the Scotiabank Group, and provided strategic support to the executive management team. She is a CFA charter holder and a fellow of both the Association of Chartered Certified Accountants and the Institute of Chartered Accountants of Jamaica. She holds a Masters in Business Administration from the University of Manchester and a Diploma in Business Administration (Honours) from the University of Technology.

EduFocal Limited (LEARN) advises of the appointment of our new Education Director Tianka Scott-Morrison effective October 3, 2022. Tianka Morrison is a results-driven international educator and instructional leader with progressive experience optimizing the quality of learning for children. She is a trained and experienced Montessorian with a passion for alternative educational methodologies. Over the past 9 years, her career has taken her from Jamaica to the United States and Africa. She has demonstrated success in collaborating with stakeholders to assess instructional program effectiveness and develop and implement curriculum improvement strategies. She believes affirmatively that every child can learn and will learn with the right methodology.

Dolla Financial Services Limited is pleased to announce the appointment of Ms. Deveta McLaren as Chief Strategy Officer for the Company. Her appointment is effective October 3, 2022.

NCB Financial Group Limited (NCBFG) is pleased to advise of the appointment of Mr Ian Chinapoo as Chief Executive Officer (CEO) and Director of its major Trinidad and Tobagonian subsidiary, Guardian Holdings Limited (GHL) effective October 1, 2022.

MASSY HOLDINGS LTD. wishes to advise that pursuant to Section 64(1)(b) of the Securities Act, 2012 that Mr. David O’Brien was appointed as Executive Vice President Global Expansion, effective October 01, 2022.

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Corporate Movements

Corporate Movements – September 2022

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The Jamaica Stock Exchange Limited (JSE) has advised that at a meeting of their Board of Directors on September 29, 2022, Mr. Julian Mair was re-elected as Chairman of the Board, and Mr. Steven Whittingham was elected as Deputy Chairman of the Board.

The RJRGLEANER Communications Group is pleased to advise of changes in its senior management. The changes announced on Friday by Chief Executive Officer, Gary Allen included, at the CLevel of the Group, the appointment of two Deputy Chief Executive Officers, a Chief People Officer and a change in title to Chief Strategy Officer of its Chief Operating Officer. Mr. Anthony Smith, an experienced business and technology executive joins the Group on October 1 as Deputy Chief Executive Officer — Print and Digital Services, which also places the general management of The Gleaner Company (Media) Limited, GCML under his responsibility. Dr. Claire Grant, the current General Manager for Radio and Television Jamaica, has been appointed Deputy Chief Executive Officer – Broadcast Services and Group Content Development. This includes the General Management functions for Radio, Television, Cable Services, Multimedia services and group-wide content development. Also joining the C-Level members of the team is Ms. Tanya Smith who is named Chief People Officer of the Group, moving from being responsible for only its Human Resources function. Mr. Christopher Barnes, Chief Operating Officer, who has been focused on Group strategic projects since 2019, is named Chief Strategy Officer. He will hand over the operations of GCML, where he was serving as General Manager (Interim) since February, to Deputy CEO Smith. The group further aims to establish an Enterprise Project Management Office, EPMO for oversight of all major projects implemented in the Group. This will be pursued by the Chief Strategy Officer.

Access Financial Services Limited (AFS) wishes to advise of the resignation of Ms. Deveta McLaren, Manager-Sales & Marketing effective September 30, 2022. AFS would like to take this opportunity to thank Ms. McLaren for the diligence with which she executed her responsibilities and her dedication to the company during her tenure.

PARAMOUNT TRADING (JAMAICA) LIMITED – APPOINTMENT OF HEAD OF PEOPLE & CULTURE, CUSTOMER SERVICE AND MARKETING
Upon the departure of Ms. Maxine Hutchinson on 26th August, 2022, Paramount Trading (Jamaica) Limited on-boarded a Head of People & Culture, Customer Service and Marketing, Dr. Cecile Dennis, to lead the development of people and culture. Her appointment took effect 8th September, 2022.

Key Insurance Company Limited (the Company) is pleased to announce that Mrs. Nichole Case and Mrs. Ashley-Ann Foster Horne were appointed to the Board of Directors of the Company at a meeting held on September 7, 2022.

Barita Investments Limited (BIL) has advised of the appointment of Mr. Ian Anderson to the position of Vice President, Information Technology within the Company, effective  August 1, 2022.

Carreras Limited (CAR) has advised that Ms. Daidrey Miller will be joining the Company in the role of HR Business Partner effective August 15, 2022.

Victoria Mutual Investments Limited (VMIL) has today announced the following changes to its talent pool in line with its robust strategic plan and bold business targets:
Effective September 1, 2022, Mr. Brian Frazer, CFA joins the VM Group as Deputy Chief Executive Officer at Victoria Mutual Investments Ltd and Victoria Mutual Wealth Management Limited. Brian will work closely with Rezworth Burchenson, Chief Executive Officer in accelerating the implementation of the organisation’s bold strategic objectives.
Brian has vast experience in trading, treasury, asset management, risk management, operations, and product development. Brian also has experience developing the strategic direction for investment management and product development for mutual funds, unit trust funds and institutional asset management business lines across the English-speaking Caribbean. Brian has led investment management teams which had responsibility for the management of assets of over US$1.9 Billion on behalf of unit trust funds, mutual funds, pension funds, corporate clients, and individual investors across the region.
Brian earned his undergraduate degree in Accounting and Economics at the University of the West Indies and has received professional training in accounting, asset/liability, and risk management both locally and overseas. Brian is a Chartered Financial Analyst (CFA) Charterholder and is a member of the CFA Institute. He is the founding President of CFA Society Jamaica and currently serves as a Director and the Chair of the Membership Committee of the Pension Industry Association of Jamaica. Brian was also a director of the Caribbean Alternative Investments Association.

GraceKennedy Limited (GKL)Appointment President & CEO – First Global Bank Limited: Radcliffe Daley GraceKennedy Limited (GKL) has advised of the appointment of Mr. Radcliffe Daley as the President & Chief Executive Officer of First Global Bank (FGB) Limited, effective September 1, 2022.
Mr. Daley has been acting in the role since July 18, 2022, following the resignation of Mrs. Mariame McIntosh Robinson from the post. Mr. Daley has over thirty (30) years’ experience in retail, corporate and investment banking. He is supported in the role by FGB’s strong and experienced management team and its Board of Directors, which continues to be chaired by Mr. Peter Moses.

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Corporate Movements

Corporate Movements – August

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Michelle Wright has been promoted to the role of VP CFO & CAO, Caribbean North & Central, effective August 15, 2022. Michelle will continue to have a dual role as the CFO for Scotia Group Jamaica Limited until the CFO role in Jamaica is filled. Michelle is an experienced banker with over twenty (20) years in accounting and financial management. She joined the Bank of Nova Scotia Jamaica Limited as a Business Banking Officer at the King Street Branch and she then went on to several progressively senior roles, and also spent some time with Wealth in Scotia Investment Jamaica Limited as CFO.

WISYNCO Group Limited (WISYNCO) is pleased to announce the appointment of Mr. Sean Scott to the position of Deputy Chief Executive Officer effective August 24th, 2022.

Carreras Limited (CAR) has advised that Ms. Daidrey Miller will be joining the Company in the role of HR Business Partner effective August 15, 2022.

GraceKennedy Limited (GK) has advised of the appointment of Mrs. Vanessa Rizzioli to the Board and a member of the Corporate Governance & Nomination Committee effective July 28, 2022.

Productive Business Solutions (PBS) has advised that Mr. Brian Wynter was appointed as an independent member of the Audit Committee of Productive Business Solutions Limited, effective August 8, 2022.

The Jamaica Stock Exchange (JSE) has advised that the Board of the Jamaica Stock Exchange, at its Board Meeting held on July 20, 2022 appointed Mrs. Kerry-Ann McKoy Tulloch as a Director effective July 20, 2022.

 

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Corporate Movements

Corporate Movements – May 2022

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Following a Board Meeting held by SSL Venture Capital Jamaica Limited (SSLVC) on May 26, 2022, SSLVC has advised of the following resignations from the Board of Directors of the Company:

Mr. Zachary Harding effective May 26, 2022;
Mr. John Jackson effective May 26, 2022;
Ms. Christine Birch effective May 26, 2022;
Mr. Brent Ciurlino effective May 26, 2022.
SSLVC further advised that Mr. Jeffrey Cobham also resigned as Director and Chairman of the Board effective May 26, 2022 and Mr. C. Leopold Nesbeth was appointed Director and Chairman of the Company with immediate effect. Mr Zachary Harding also demitted the office of CEO of SSLVC effective the same date, and Mr Anthony Dunn has demitted the office of Chief Operations Officer (COO). For clarity, Mr Harding and Mr Dunn remain in their respective roles in the SSL Group (which is no longer a related party to SSLVC).

During the same Board Meeting, the following individuals were also appointed to serve as Directors of the Company:

Mr. Dino Hinds;
Mr. Robert Barnes;
Ms. Christine E. Johnson Spence;
Mr. Anika N Jengelley.
The Board decided that the company will hold an Extraordinary General Meeting on 13th of June 2022 at 10:00 am to consider changing the company name.

AspireSec Limited will continue to serve as Company Secretary. SSLVC thanks the outgoing managers and board members for their service to the Company.

Carreras Limited (CAR) wishes to advise that Ms. Cammeca Cookhorn has resigned her position as Legal and External Affairs Manager, effective 31 May 2022.

Seprod Limited informs that Ms. Tricia Hill, Country Manager, Trinidad & Tobago resigned effective May 4, 2022. Ms. Hill joined the Seprod Group in 2016 and provided creditable service during her tenure. The Board, Management and Staff thank Ms. Hill for her contribution and wish for her success in her endeavors.

Caribbean Producers Jamaica Limited is pleased to announce the appointment of Todd Stromme as the Chief Executive Officer of the Company, effective June 1, 2022. In this role, he will be responsible for overseeing all activities of the Company, including Jamaica, St. Lucia, and any other future subsidiaries. Todd has extensive experience in the Foodservice industry. He has a proven track record with over 30 years of Senior and Executive Management and leadership within Food Service companies. Before being appointed CEO of Caribbean Producers Jamaica, Todd served as the President & Corporate Executive at Nicholas & Company in Las Vegas. Todd also served as VP of Sales and Marketing for Food Service of America. Todd prides himself on being flexible, organized, and a highly motivated self-starter that is passionate about moving the business forward. Todd Stromme holds a Bachelor’s degree from UNLV Lee Business School

Guardian Holdings Limited (“GHL”) wishes to advise that Mr. Ian Chinapoo has been appointed as Chief Executive Officer of GHL effective October 1, 2022.

GHL is pleased to advise that Mrs. Samanta Saugh has been appointed in an acting capacity as Group Chief Financial Officer with effect from May 15, 2022.

GHL is pleased to announce some very significant changes to our organization structure that has recently been approved by the Group Board. These changes relate to the creation of the new position of Group Head of Life, Health and Pensions (“LHP”). The mandate of this new role is to ensure the promulgation of best practices across Guardian Life of the Caribbean Limited and Guardian Life Limited as well as to oversee the consolidation of the back offices of these LHP subsidiaries.

It is with great pleasure that GHL informs you that Mr. Eric Hosin, who presently holds the position of President, Guardian Life Limited will be appointed to the position of Group Head of Life, Health and Pensions and Ms. Meghon Miller-Brown will be appointed to the position of President, Guardian Life Limited. Both of these appointments will be effective June 1st, 2022.

Barita Investments Limited (BIL) has advised of the following Senior Management appointment within the Company: Mr. Geoffery Romans was appointed Head, Financial Risk – Frameworks and Administration effective May 2, 2022. In this role, he will be responsible for ensuring the adequacy of risk models and processes to support the governance, identification, measurement, and monitoring of financial risks across the Group. Mr. Romans has over 10 years of extensive executive management and governance experience with emphasis on the areas of market and liquidity risk management together with treasury operations and general asset-liability management. Mr. Romans previously served as Regional Director of Market Risk Management at Scotiabank with a remit which spanned the territories across the English-speaking Caribbean where he held principal responsibility for ensuring that business strategies and initiatives were executed in compliance with internal and regulatory risk governance frameworks. He holds an MBA from Heriot-Watt University, a BSc. in Actuarial Science from the University of the West Indies, and is an Associate of the Society of Actuaries.

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